Residential Mortgage Loan Solutions

In this tough financial climate we continue to find ourselves, many are left with their assets floundering in the wind, so to speak! Some may require larger deposits of up to 40% whilst others will require your income to be sufficient enough that you are able to afford your Portuguese BTL mortgage without rental income, should you be unable to find tenants. The total level of housing loans is increasing in Portugal, and this year alone banks have granted almost six billion euros in mortgages.

That's part of the reason why we're regularly rated as five stars on Feefo, and why Portugal mortgages are a popular topic with our customers. These types of Portuguese mortgage are not offered by the banks to High St customers and are only available to professional mortgage brokers in Portugal.

If you own a plot of land in Portugal or wish to renovate your existing property, we will assist you in obtaining the best possible conditions of Holiday Homes Portugal a construction loan. Most Portuguese lenders offer different types of mortgage repayment options on either a fixed or a variable interest rate.

However, remortgaging is favorable because releasing equity on the UK property enables the purchaser to make the payment in cash and to avert a second mortgage. The standard rate that most banks in Portugal charge for a valuation is €175 plus IVA, however this may cost more (up to €500 plus IVA) if you want the valuation carried out at the beginning of the application.

Whilst many people will focus just on the pricing for a mortgage facility it is important to remember that there are other factors that need to be looked at. Some banks have a mandatory requirement for life insurance for example which can escalate the costs of a mortgage and require inconvenient medicals so for many non residents they are normally best avoided.

When transferring your money for purchase of a property to Portugal, it is advisable when dealing in foreign currency to use a foreign currency broker, see our Foreign currency page for further details. Becoming a property owner in Vale do Lobo is an exciting process but while this is a time for celebration, we also appreciate that it can also be overwhelming with the various opportunities and details to consider.

Cold and bleak translates into: GDP steady or falling (recession); high interest rates on public and private debt; inflation rising; shortage of credit for businesses and private mortgages; tax rates going up; rising unemployment; stock market prices falling ('bear' market).

Banco Comercial Portugues operates as a universal bank, providing a broad range of retail, private, corporate and investment banking products and services. Most mortgages in Portugal run for 25 years, but you can get terms up to 30 years. Offer loan comparison services to people in the UK helping them find the cheapest loans available to them based on their own personal circumstances.

Credit operations granted by credit institutions, credit finance companies, investment companies, leasing companies, factoring companies and mutual guarantee companies, as well as by branches of such credit institutions and financial institutions operating in Portugal.

In the case of the three month Euribor rate, your mortgage repayments will be fixed for three months at the prevailing rate at the day you sign the mortgage deed, thereafter, every three months later the bank will apply the average rate of the three month Euribor rate to your mortgage from the previous month.